In today’s day and age, you have businesses which are reinventing themselves with technology as the heart and soul of what they are doing irrespective of the industry you are in.
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned
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